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ED Consolidated Edison

Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is one of the largest investor-owned energy companies in the United States, with approximately $12 billion in annual revenues as of 2017, and over $48 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries: In 2015, electric revenues accounted for 70.35% of consolidated sales ; gas revenues 13.61% ; steam revenues 5.01% ; and non-utility revenues of 11.02% .

Company profile

ED stock data

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Calendar

6 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 157M 157M 157M 157M 157M 157M
Cash burn (monthly) 426.33M 118.08M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 1.74B 482.51M n/a n/a n/a n/a
Cash remaining -1.59B -325.51M n/a n/a n/a n/a
Runway (months of cash) -3.7 -2.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 21 Stanley Deirdre Common Stock Grant Aquire A No No 72.05 433.345 31.22K 14,792.685
30 Jun 21 Mulrow William J Common Stock Grant Aquire A No No 72.05 199.514 14.37K 9,529.588
30 Jun 21 Killian John F Common Stock Grant Aquire A No No 72.05 503.123 36.25K 32,538.388
30 Jun 21 Ranger Michael W Common Stock Grant Aquire A No No 72.05 624.566 45K 69,012.068
30 Jun 21 la Bastide Lore de Common Stock Buy Aquire P No No 71.72 13.624 977.11 765.539

Financial report summary

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Management Discussion
  • (a)Net income for common stock from the Clean Energy Businesses for the three months ended March 31, 2021 and 2020 includes $49 million or $0.14 a share and $(63) million or $(0.18) a share, respectively, of net after-tax mark-to-market losses and reflects $1 million and $13 million or $0.04 a share (after-tax), respectively, of income attributable to the non-controlling interest of a tax equity investor in renewable electric production projects accounted for under the HLBV method of accounting. See Note P to the First Quarter Financial Statements.
  • (b)Net income for common stock from Con Edison Transmission for the three months ended March 31, 2021 includes $(125) million or $(0.36) a share of net after-tax goodwill impairment loss related to its investment in Stagecoach. See Note A to the First Quarter Financial Statements.
  • (c)Other includes parent company and consolidation adjustments. Net income for common stock includes $5 million or $0.01 a share of income tax impact for the goodwill impairment loss related to Con Edison Transmission’s investment in Stagecoach. See Note A to the First Quarter Financial Statements.
Content analysis
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